ARM Holdings PLC /UK

ARM Holdings PLC /UK (ARM) priced its initial public offering on Sep 14, 2023 at $51.00 per ADS, raising $4.87B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $52.33B. Barclays was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and Mizuho and others. Morrison & Foerster (UK), Morrison & Foerster and Sullivan & Cromwell advised the company and Davis Polk advised the underwriters.

Arm Holdings plc architects, develops and licenses high-performance, energy-efficient CPU products and related technology that semiconductor companies and equipment makers use in their products. Its CPUs power more than 99% of the world's smartphones, as of the year ended December 31, 2022.

Status

IPO

Ticker

ARM

Exchange

Nasdaq Global Select

Priced

Sep 14, 2023

IPO price

$51.00 per ADS

Raised

$4.87B

Market cap at IPO price

$52.33B

First filed

Aug 21, 2023

Underwriters

Barclays, Goldman Sachs, J.P. Morgan, Mizuho, BofA Securities, Citigroup, Deutsche Bank, Jefferies, Natixis, Santander, SMBC Nikko and BMO Capital Markets

Company counsel

Morrison & Foerster (UK), Morrison & Foerster and Sullivan & Cromwell

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

United Kingdom

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.